Our editor in chief, Joanne Lipman, just broke the news to staff, saying the decision had been made "because of financial reasons at Advance," CondÃ© Nast's parent company. "It's not anything that the company wanted to do." She said she was informed by CondÃ© Nast chairman S.I. Newhouse Jr. this morning of the decision.The judges at SPD certainly liked what they saw from this short-lived book, as well as the ASME judges who awarded its "Briefs" section with a National Magazine Award in 2008. Check out some of the awards for Portfolio from last year here, and some of their Medal Finalists for this year here.